The year 2021 has recorded over 65,000 sqm of the space in newly completed retail parks. This is the highest growth of the retail space in the Czech Republic in five years. Behind this success, there is mainly the stable interest among shoppers, long-term lease contracts and tenant expansion as also a surge of interest among investors. Nevertheless, the higher costs are now slowing the construction of the new retail parks. Therefore, a boost in the demand for space and likely push up rents as well are expected, states Cushman & Wakefield in their last report.

Hungarian investor Indotek Group has purchased the One Victoriei Center office building in central Bucharest as part of its expansion strategy for an undisclosed sum. 

Warehouse developer LCube has started preparations for the implementation of his next investment. In Mszczonów, on a plot of approx. 8 ha, a facility of approx. 35,000 sqm is to be built.

Bank Pekao S.A. completed the €10 million refinancing project of a retail park portfolio owned by Newbridge Poland. The investor was advised in this process by the Avison Young investment team.

To be a small and dynamic company, which makes decisions quickly based on consensus and its own analysis and reasoning. These are the secrets to being the most active investor in Prague even in the past two difficult years, according to Českomoravská Nemovitostní (ČMN’s) new CEO, Karel Bor, who talked to Property Forum about the company’s investment strategy.

Equinox Nepremičnine d.d., the first public limited company on the Ljubljana Stock Exchange to engage in real estate leasing and development, has just negotiated a strategic 20-year lease on Grand Hotel Union, uHotel and Hotel Lev in Ljubljana. The deal was signed with world-renowned Hotusa Group, for a cumulative rent exceeding €110 million. The operator search was exclusively organised by Cushman & Wakefield.  

Edina Magó will step up as Marketing Director and Nikoletta Ispánki will join the company as Commercial Director. The new appointments will strengthen the focus to enhance the growing markets.

STC Partners will invest more than €20 million in a new residential complex comprising over 200 apartments in Bucharest. The first development phase of Quartier Azuga will kick off in October 2022 and is slated for delivery in the first semester of 2024, while the entire project should be completed in early 2025. Crosspoint Real Estate has been appointed exclusive sales agent. 

Green certificates are becoming the norm in CEE but words like 'excellent' or 'platinum' don't always provide enough information about a building's overall environmental impact. Developers, architects and advisors were discussing the real cases of ESG principles` implementation during a panel at the European ESG Property Forum conference in Warsaw, moderated by Oana Stamatin, ESG Chief Officer at Colliers.

Since the 1970s, the centre of Bratislava's Old Town has been divided by the multi-stream road Staroměstská Street. The City Hall, together with the Bratislava Metropolitan Institute, now has a plan to improve the area. They want to build a park and a large pedestrian plaza above the road to bring the divided city together and add a new residential and recreational space to the city, the Slovak capital's city hall has announced.